Obvious error definition
Obvious error the Dealer’s opening/closing the Customer’s positions or executing any orders at prices, which greatly differ from the price of the instrument in the quoting flow at the moment of execution. Or some other Dealer activity or inactivity related to wrong evaluation of market prices at a certain moment of time.
Obvious error the Dealer’s opening/closing the Customer’s positions or executing any orders at prices, which greatly differ from the price of the instrument in the quoting flow at the moment of execution. Or some other Dealer activity or inactivity related to wrong evaluation of market prices at a certain moment of time. "Opening gap" is a situation when one of the following statements is true: - Bid of the market open is higher than Ask at market close; - Ask at market open is lower than Bid at market close.
Obvious error a Client's position opening/closing or an execution of his order by Nord FX at the price essentially different from the price for this instrument in a quote flow at a point in time of this commitment; any other Nord FX's activity or inactivity concerned with his obviously erroneous identification of the market price level in a certain time period. “Open position” a result of the first part of a full done transaction. In consequence of the opening of a position the Client takes the following obligations:
Examples of Obvious error in a sentence
Obvious error - any sufficiently obvious and / or obvious error, including without limitation orders to execute transactions with overestimated amounts, or obviously incorrect market quotes, or prices with a clear loss.
More Definitions of Obvious error
Obvious error means either a human or technical error that results in a licensee offering wagers at terms, prices, or odds that are materially different from the general market or clearly incorrect given the chance of the event happening at the time the wager was accepted;
Obvious error is a [mistake, misprint, misinterpretation, mishearing, misreading, mistranslation, spelling mistake, technical hazard, registration error, transaction error, manifest error, force majeure and/or similar], which may or may not be apparent to the Operator and/or the Patron at the relevant time [which has caused or resulted in bets [being offered and/or accepted]]. Examples of obvious errors include, but are not limited to: • As a result of the failure of established risk management controls. • As a result of inappropriate manipulation of offers or settlement procedures as well as any fraudulent activity. • Incorrect payouts. • Cyber attacks. • Bets accepted; • During technical problems that would otherwise not have been accepted; at odds/prices that have been increased, improved or enhanced from the odds/prices that would have otherwise been offered. • On events/offers that have already been decided or concluded, or in relation to which ESPN Bet had suspended betting. • On events/offers after the event/match/offer has started (except for live betting bet types). • On markets/events containing participants that are not part of the event. • Otherwise than in accordance with the applicable laws. • At odds that are materially different from those available in the general betting industry at the time the bet was accepted, whereby ESPN Bet will use a majority of betting industry operators, to determine whether odds offered were “materially different”. • At odds which reflect an incorrect score, standing or ranking situation, including where incorrect odds are offered, as a result of any errors or omissions made in respect of the announcing, publishing, or reporting of a score, standing or ranking situation. • At incorrect odds where it is clear that the actual chances of the event occurring at the time the bet was accepted were materially different, or • That the bet has been placed by someone other than the Patron (including where someone has gained access to the Patrons’ account) or where the Patron is victim of fraudulent activity. • A public announcement has occurred in relation to the bet which significantly alters the odds. • A bet has been offered on the relevant market in breach of the gambling regulation in the specific jurisdiction.